409 S 42nd St, Philadelphia, PA 19104
34 apartment units in Philadelphia's University City.
- Added:
- Mar 24, 2026
- Days on Market:
- 97
- Last Refresh:
- Mar 25 at 8:54 pm
Property Features for 409 S 42nd St
General Information
- Standard status
- Active
- Size
- 20,025 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1870
Listing office GREA
Listing date Mar 24, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of GREA
HighLights
- 34 Apartment Units offer a great investment opportunity.
- Multifamily property in a desirable University City location.
- Prime Philadelphia location.
- Built in 1870.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $608.0k | $30.36 |
| − Vacancy | −$35.3k | −$1.76 |
| EGI | $572.7k | $28.60 |
| − OpEx | −$257.7k | −$12.87 |
| NOI | $315.0k | $15.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.2067487
- Latitude
- 39.9504314
